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Warner Bros. Home Entertainment Group acquires Cheshire’s TT Games

Warner Bros. Home Entertainment Group has agreed to acquire Knutsford-based TT Games, the world’s largest independent game developer and publisher behind highly successful LEGO Star Wars videogames, BIONICLE Heroes and many others.
Paul Stringer and Andy Ball, of Bolton-based accountancy firm, Cowgill Holloway, advised the management of TT Games on the sale of the business. The deal sees TT Games becoming the cornerstone of the Group’s family-focused games strategy.
Commenting on the deal, Andy Ball, partner at Cowgill Holloway said:  “TT Games was an ideal strategic fit for Warner Bros. and presents an opportunity to grow the Group’s gaming position in the UK.”
Formed in 2005, TT Games has sold more than 38 million copies of its games across most major platforms. The first title produced was the award winning LEGO Star Wars, which has sold more than six million units worldwide.
“TT Games is very successful and respected in the game development and publishing world,” said Barry Meyer, chairman and CEO of Warner Bros.
“TT Games is the leading video game developer for young gamers and their families,” said Kevin Tsujihara, president of Warner Bros. Home Entertainment Group. “The expertise that TT Games brings to Warner Bros. is a great match with our brands as well as an opportunity to effectively leverage our existing global infrastructure.”
TT Games has two primary operations: game development which continues to be known as  Traveller’s Tales, and publishing which is known as TT Games  Publishing.
“After 16 years in the gaming industry, the opportunity to work with the world’s leading entertainment company is the fulfillment of a dream,” said Jon Burton, managing director of TT Games.
“Warner Bros.  has an extraordinary track record in nurturing and developing intellectual  property in television, in movies and now in games,” said Tom Stone,  director of TT Games Publishing. “That history, combined with their world class distribution muscle, promises a very exciting future for all of us at TT Games.”
TT Games will continue to manage their existing relationships with Lego, LucasArts, Disney, Activision and Hit Entertainment.


The information was correct at time of publishing but may now be out of date.

Corporate Finance
Posted by Andy Ball
6th May, 2007
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